Posts Tagged ‘bank of america’

Chinese Consumer Prices Hit Four-Month Highs on Food Costs

by Christopher Lemieuxon June 10, 2014 4:42 am BST
Chinese inflation in May increased at the fastest pace in four months on higher food prices. According to the state statistics bureau, consumer prices climbed 2.5 percent year-over-year. Economists were forecasting an increase from 1.8 percent in April to 2.4 percent, a tenth-percent lower than the actual print. The Chinese government has an inflation target of […]

EURUSD Sits on Support, Investors Loosing Interest

by Christopher Lemieuxon May 22, 2014 9:14 pm BST
The euro-dollar is currently sitting on daily support, and euro bears are enjoying the taste of weakness. “The change has finally started to take place,” said Ian Stannard, head of European FX strategy at Morgan Stanley. The growing potential for more stimulus by the European Central Bank (ECB), combined with evidence of lessening demand for […]

EURUSD Consolidates Near 1.3700; ECB QE Unlikely to Represent the Fed or BoJ

by Christopher Lemieuxon May 19, 2014 7:14 am BST
Market participants are witnessing increased bond action due to the weakening economic outlook for many developing countries. The euro continues to consolidate against the greenback underneath 1.3700 as investors sell peripheral bonds. Financial markets are awaiting action from the European Central Bank (ECB) after the eurozone gross domestic product figures were lower than forecasts. “Our […]

US 10-Year Treasury Yield Declines on Ukraine Woes

by Christopher Lemieuxon May 5, 2014 11:50 am BST
The US 10-year treasury note seen demand early Monday morning, pushing yields to 10-month lows. Market participants are adding protection as the Russian-Ukraine tensions rise with pro-Russian separatists rule Eastern Ukraine. “There’s concern that things are heating up there again,” said Larry Milsten, managing director of government debt trading at RW Pressprich & CO. Although, […]